USEG (US Energy) Days Payable : 33.60 (As of Sep. 2024)

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What is US Energy Days Payable?

US Energy's average Accounts Payable for the three months ended in Sep. 2024 was $2.00 Mil. US Energy's Cost of Goods Sold for the three months ended in Sep. 2024 was $5.43 Mil. Hence, US Energy's Days Payable for the three months ended in Sep. 2024 was 33.60.

The historical rank and industry rank for US Energy's Days Payable or its related term are showing as below:

USEG' s Days Payable Range Over the Past 10 Years
Min: 21.13 Med: 95.12 Max: 238.46
Current: 32.8

During the past 13 years, US Energy's highest Days Payable was 238.46. The lowest was 21.13. And the median was 95.12.

USEG's Days Payable is ranked worse than
72.92% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs USEG: 32.80

US Energy's Days Payable increased from Sep. 2023 (30.36) to Sep. 2024 (33.60). It may suggest that US Energy delayed paying its suppliers.

US Energy Days Payable Historical Data

The historical data trend for US Energy's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

US Energy Days Payable Chart

US Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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94.05

21.13

28.23

US Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															30.36	30.30	32.18	31.95	33.60

Competitive Comparison of US Energy's Days Payable

For the Oil & Gas E&P subindustry, US Energy's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

US Energy's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, US Energy's Days Payable distribution charts can be found below:

* The bar in red indicates where US Energy's Days Payable falls into.

US Energy Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

US Energy's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2.566	+	1.944)	/	2 )	/	29.153	*	365
=	2.255					/	29.153	*	365
=	28.23

US Energy's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1.833	+	2.168)	/	2 )	/	5.433	*	365 / 4
=	2.0005					/	5.433	*	365 / 4
=	33.60

US Energy Days Payable Related Terms

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US Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » US Energy Corp (NAS:USEG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

UE22:Germany UE22:Germany

Address

1616 S. Voss Rd., Suite 725, Houston, TX, USA, 77057

Website

https://www.usnrg.com

US Energy Corp is an independent energy company. It is focused on the acquisition and development of oil and natural gas-producing properties in the continental United States. It has business activities in South Texas and the Williston Basin in North Dakota. The company generates revenue from its interest in the sales of oil and natural gas production.

Executives

Ryan Lewis Smith	director, officer: Chief Financial Officer	1600 BROADWAY, SUITE 1360, DENVER CO 80202
Randall D Keys	director	3 HICKORY SHADOWS DR, HOUSTON TX 77055
Mark L. Zajac	officer: Chief Financial Officer	70 SILVERMONT DR, THE WOODLANDS TX 77382
Wallis T Marsh	other: Member of 10% owner group	210 HERITAGE OAKS, HOUSTON TX 77024
King Oil & Gas Company, Inc.	other: Members of 10% owner group	9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Wdm Family Partnership, Lp	10 percent owner	210 HERITAGE OAKS LN, HOUSTON TX 77024
Katla Energy Holdings Llc	10 percent owner	1616 S VOSS RD, #530, HOUSTON TX 77057
Synergy Offshore Llc	10 percent owner, other: Member of 10% owner group	9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Benjamin Andrew Stamets	10 percent owner, other: Member of 10% owner group	2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
Lubbock Energy Partners Llc	10 percent owner, other: Member of 10% owner group	1616 S. VOSS RD.,, STE 530, HOUSTON TX 77057
Lee Hightower	10 percent owner, other: Member of 10% owner group	9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Duane H King	director, 10 percent owner, other: Member of 10% owner group	9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Llano Energy Llc	other: Member of 10% owner group	2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
Banner Oil & Gas, Llc	10 percent owner, other: Member of 10% owner group	2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
Joshua Lane Batchelor	director, 10 percent owner, other: Member of 10% owner group	2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056